Wednesday, 06, May, 2026
 
 
 
Expand O P Jindal Global University
 
  
  
 
 
 

Mr.Sahil Kansaria vs M/S.Ponneri Steel Industries
2022 Latest Caselaw 16925 Mad

Citation : 2022 Latest Caselaw 16925 Mad
Judgement Date : 28 October, 2022

Madras High Court
Mr.Sahil Kansaria vs M/S.Ponneri Steel Industries on 28 October, 2022
                                                                         C.S(Comm. Div.)No.70 of 2021

                                   IN THE HIGH COURT OF JUDICATURE AT MADRAS

                                                     Dated: 28.10.2022

                                                          CORAM

                                        THE HON'BLE MR.JUSTICE M.SUNDAR

                                               C.S(Comm. Div.)No.70 of 2021
                                                          and
                                                    A.No.3015 of 2022
                                                           in
                                               C.S(Comm. Div.)No.70 of 2021

                     C.S.(Comm. Div.)No.70 of 2021

                     Mr.Sahil Kansaria
                     Proprietor of
                     M/s.S.S.Enterprises
                     No.130/4, Manali Express Road,
                     Ernavoor, Manali
                     Chennai-600 057.                                                   .. Plaintiff

                                                            Vs.

                     1.           M/s.Ponneri Steel Industries
                                  Represented by its Partner
                                  Mr.Anand Garg
                                  No.2, Vaidhyanathan Street,
                                  Tondiarpet, Chennai-600 081.

                     2.           Mrs.Lalitha Devi
                                  W/o. Late Mr.Manmohan Agarwal

                     3.           Mr.Hemanth Agarwal
                                  S/o. Late Mr.Manmohan Agarwal

                     4.           Mr.Anand Garg

                     Page Nos.1/18
https://www.mhc.tn.gov.in/judis
                                                                         C.S(Comm. Div.)No.70 of 2021

                                  No.14/12, 2nd Floor
                                  Agasthiyar Nagar, Kilpauk
                                  Chennai-600 010.                               .. Defendants

                     A.No.3015 of 2022 :

                     Mrs.Shoba Agarwal
                     W/o.Mr.Pankaj Agarwal
                     No.14/12, 3rd Floor
                     Agasthiyar Nagar, Kilpauk,
                     Chennai-600 010.                                  ... Applicant / 3rd party

                                                              .Vs.
                     1.           Mr.Sahil Kansaria
                                  Proprietor of
                                  M/s.S.S.Enterprises
                                  No.130/4, Manali Express Road,
                                  Ernavoor, Manali
                                  Chennai-600 057.

                     2.           M/s.Ponneri Steel Industries
                                  Represented by its Partner
                                  Mr.Anand Garg
                                  No.2, Vaidhyanathan Street,
                                  Tondiarpet, Chennai-600 081.

                     3.           Mrs.Lalitha Devi
                                  W/o. Late Mr.Manmohan Agarwal

                     4.           Mr.Hemanth Agarwal
                                  S/o. Late Mr.Manmohan Agarwal

                     5.           Mr.Anand Garg
                                  No.14/12, 2nd Floor
                                  Agasthiyar Nagar, Kilpauk
                                  Chennai-600 010.               ... Respondents 2 to 5 / defendants



                     Page Nos.2/18
https://www.mhc.tn.gov.in/judis
                                                                          C.S(Comm. Div.)No.70 of 2021

                                  This Civil Suit is preferred, under Order IV of Original Side Rules
                     read with Order VII Rule 1 of the Civil Procedure Code, praying
                                  (a) Directing the defendants, jointly and severally, to pay a sum of
                     Rs.1,39,45,720.98 (Rupees One Crore Thirty Nine Lakhs Forty Five
                     Thousand Seven Hundred and Twenty and Paise Ninety Eight Only)
                     together with interest on Rs.1,38,45,720.98 (Rupees One Crore Thirty
                     Nine Lakhs Forty Five Thousand Seven Hundred and Twenty and Paise
                     Ninety Eight Only) @ 18% p.a from this date till the date of realization,
                     the cause being commercial;
                                  (b) Directing the defendants jointly and severally to pay the costs
                     of the suit;
                                  A.No.3015 of 2022 has been filed under Order XIV Rule 8 of
                     O.S.Rules read with Order XXXVIII Rule 10 of CPC praying to raise the
                     order of attachment dated 26.10.2021 in Application No.3570 of 2021
                     and reflected as Document No.25/2021 dated 20.11.2021 in the office of
                     the Sub Registrar, Periamet.


                     C.S.(Comm. Div.)No.70 of 2021:
                                        For Plaintiff      :       Mr.A.R.Karunakaran
                                        For Defendants     :       Ms.M.Meenatchi
                                                                   representing Mr.R.John Sathyan
                     A.No.3015 of 2022 :

                                        For Applicant   :          Mr.A.Praveen Kumar
                                        For Respondents :          Mr.A.R.Karunakaran for R1
                                                                   Ms.M.Meenatchi
                                                                   representing Mr.R.John Sathyan
                                                                   for R2 to R5
                                                               *****

                     Page Nos.3/18
https://www.mhc.tn.gov.in/judis
                                                                          C.S(Comm. Div.)No.70 of 2021




                                                       JUDGMENT

Captioned suit and captioned application have been listed under

the cause list caption 'FOR RECORDING MEMO OF COMPROMISE'.

2. This judgment / decree and order will dispose of the captioned

suit and application.

3. In this judgment, parties shall be referred to by their respective

ranks in the main suit for the sake of convenience and clarity.

4. Mr.A.R.Karunakaran, learned counsel on record for sole

plaintiff, Ms.Meenatchi, learned counsel from Chamber of Mr.R.John

Sathyan counsel on record for defendants 1 and 4 and Mr.A.Praveen

Kumar, learned counsel for Ms.Shoba Agarwal {(wife of Mr.Pankaj

Agarwal) who is a third party to the main suit and who has filed

captioned application namely, A.No.3015 of 2022} are before this

Commercial Division.

Page Nos.4/18 https://www.mhc.tn.gov.in/judis C.S(Comm. Div.)No.70 of 2021

5. Defendants 2 and 3 have entered appearance through Mr.Swami

Subramanian and Ms.Meenatchi, learned counsel submits that she is

representing the counsel on record for defendants 2 and 3 also.

6. This judgment / decree has to be read in conjunction with and in

continuation of earlier proceedings made by Hon'ble predecessor Judge in

the previous listing on 27.07.2022 and the same reads as follows:

'A third party has filed an application to raise the attachment. Learned counsel for the plaintiff seeks time to file a counter thereto. Meanwhile, the two contesting parties submit that there is a reasonable prospect of an amicable resolution of the dispute. Therefore, they request that the matter be placed before the Mediation Centre annexed to this Court.

2. Acceding to the request, the matter is placed before the Mediation Centre annexed to this Court. Both parties agree to be present before the Mediation Centre on 01.08.2022. Since the date of hearing has been fixed with the consent of parties, a separate notice from the Mediation Centre in this regard is not necessary.

3. Let the matter appear before this Court upon receipt of the report of Mediation Centre.'

7. The above proceedings speak for itself. On being referred to 'Tamil Nadu Mediation and Conciliation Centre under the aegis of this Court' [hereinafter 'TNMCC' for the sake of brevity], TNMCC has conducted mediation and sent a mediation report dated 17.10.2022 under cover of letter dated 20.10.2022 and a scanned reproduction of the same

Page Nos.5/18 https://www.mhc.tn.gov.in/judis C.S(Comm. Div.)No.70 of 2021

is as follows:

Page Nos.6/18 https://www.mhc.tn.gov.in/judis C.S(Comm. Div.)No.70 of 2021

Page Nos.7/18 https://www.mhc.tn.gov.in/judis C.S(Comm. Div.)No.70 of 2021

8. All the aforementioned three counsel request for a decree in

terms of 'memo of compromise dated 17.10.2022' [hereinafter 'said MOC'

for the sake of convenience, clarity and brevity] annexed to the

aforementioned mediation report.

9. Before this Commercial Division accedes to aforementioned

request for the purpose of clarity, specificity and elimination of possible

anomalies, it is made clear that there is an error in the Judge's summons

qua captioned application namely, A.No.3015 of 2022. This Commercial

Division has verified the vakalatnama and all the three aforementioned

counsel before this Commercial Division confirm that the captioned

application has been taken out by Mr.APraveen Kumar on behalf of

Ms.Shoba Agarwal (wife of Mr.Pankaj Agarwal) whereas the Judge's

summons says that it has been taken out by Mr.T.Sivaraman and two

others and that affidavit of one Dharmender B. Singh is used in support

of the same. In the Judge's summons in prayer limb (b) there is an

overwriting. A scanned reproduction of this Judge's summon is as

follows:

Page Nos.8/18 https://www.mhc.tn.gov.in/judis C.S(Comm. Div.)No.70 of 2021

10. Therefore, it is made clear that the date of attachment (that is

now being lifted vide clause 5 of said MOC) is 26.10.2021.

11. A scanned reproduction of said MOC (together with docket)

dated 17.10.2022 alluded to supra is as follows:

Page Nos.9/18 https://www.mhc.tn.gov.in/judis C.S(Comm. Div.)No.70 of 2021

Page Nos.10/18 https://www.mhc.tn.gov.in/judis C.S(Comm. Div.)No.70 of 2021

Page Nos.11/18 https://www.mhc.tn.gov.in/judis C.S(Comm. Div.)No.70 of 2021

Page Nos.12/18 https://www.mhc.tn.gov.in/judis C.S(Comm. Div.)No.70 of 2021

Page Nos.13/18 https://www.mhc.tn.gov.in/judis C.S(Comm. Div.)No.70 of 2021

Page Nos.14/18 https://www.mhc.tn.gov.in/judis C.S(Comm. Div.)No.70 of 2021

Page Nos.15/18 https://www.mhc.tn.gov.in/judis C.S(Comm. Div.)No.70 of 2021

Page Nos.16/18 https://www.mhc.tn.gov.in/judis C.S(Comm. Div.)No.70 of 2021

12. All the aforementioned learned counsel before this Commercial

Division, adverting to said MOC submit that the same was signed in the

presence of each other and on that basis, seek dispensing with the

presence of parties for recording memo of compromise. Considering the

nature of the matter and the fact that it has been recorded before

TNMCC, this request is acceded to.

13. Clause 7 of said MOC reads as follows:

'7. That this Hon'ble Court may be pleased to pass an order of refund of the Court fee paid by the plaintiff.'

14. In the light of Section 69-A of 'The Tamil Nadu Court Fees and

Suits Valuation Act, 1955 (Tamil Nadu Act XIV of 1955)' [hereinafter

'TN Court Fees Act' for the sake of convenience and clarity], this clause

becomes a non-starter.

15. Learned counsel on record for plaintiff Mr.A.R.Karunakaran,

very fairly submits that clause 7 of said MOC can be treated as deleted.

This submission made on instructions is recorded.

M.SUNDAR, J.

Page Nos.17/18 https://www.mhc.tn.gov.in/judis C.S(Comm. Div.)No.70 of 2021

mk

16. Captioned application ordered in terms of clause 5 of said

MOC. Captioned suit decreed in terms of said MOC (except clause 7

which now stands deleted). Said MOC shall form part of judgment and

decree. Captioned main suit and captioned application disposed of in the

aforesaid manner. There shall be no order as to costs.

28.10.2022

Index : Yes/No Speaking/Non-speaking order mk

C.S(Comm. Div.)No.70 of 2021 and A.No.3015 of 2022 in C.S(Comm. Div.)No.70 of 2021

Page Nos.18/18 https://www.mhc.tn.gov.in/judis

 
Download the LatestLaws.com Mobile App
 
 
Latestlaws Newsletter
 

Publish Your Article

 

Campus Ambassador

 

Media Partner

 

Campus Buzz

 

LatestLaws Guest Court Correspondent

LatestLaws Guest Court Correspondent Apply Now!
 

LatestLaws.com presents: Lexidem Offline Internship Program, 2026

 

LatestLaws.com presents 'Lexidem Online Internship, 2026', Apply Now!

 
 

LatestLaws Partner Event : IJJ

 

LatestLaws Partner Event : Smt. Nirmala Devi Bam Memorial International Moot Court Competition

 
 
Latestlaws Newsletter